Montserrat Offshore Trust

International trust business is governed by the International Banking and Trust Companies Act, Montserrat international trust companies must meet the minimum capital requirement of USD 250,000. A Montserrat offshore trust company to which a general trust company licence was issued, A Montserrat offshore company cannot hold a licence for general trust. A Montserrat offshore trust company to which a restricted trust company licence was issued. A restricted offshore trust company can only carry out trust business with the people and classes of people that it requests from the commission, providing that these people or classes of people are contrary to the list of people and classes of people approved by the commission.

Montserrat Offshore Trust Key Features

International trust business is governed by the International Banking and Trust Companies Act

Montserrat international trust companies must meet the minimum capital requirement of USD 250,000

A Montserrat offshore trust company to which a general trust company licence was issued

A Montserrat offshore company cannot hold a licence for general trust

A Montserrat offshore trust company to which a restricted trust company licence was issued

A restricted offshore trust company can only carry out trust business with the people and classes of people that it requests from the commission, providing that these people or classes of people are contrary to the list of people and classes of people approved by the commission.

Montserrat Offshore Trust Legal Requirements

Montserrat Offshore Trust

Corporate Details

Type of Entity

Trust

Registered Office in Montserrat

Yes

Share capital or equivalent

Standard currency

USD

Permitted currencies

Any

Minimum paid up

USD 250,000

Trustee

Minimum number

One

Corporate directorship allowed

Yes

Protector

Minimum number

Corporate shareholder allowed

NA

Accounts

Requirements to prepare

Yes

Audit requirements

No

Requirements to file accounts

No

Montserrat Offshore Trust Tax Treatment

Montserrat Offshore Trusts are exempted from specified taxes in Montserrat